SandRidge Energy Inc. - 2012-01-13

Filed for an initial public offering of approximately $500 million in common units representing beneficial interests in SandRidge Mississippian Trust II, a newly formed Delaware trust. Application will be made to list the common units of the trust on the NYSE under the symbol SDR. In connection with the offering, SandRidge will convey to the trust certain royalty interests in exchange for the net proceeds from the offering and units representing approximately 48% of the beneficial interest in the trust. The royalty interests will entitle the trust to a percentage of the proceeds received by SandRidge from the production of hydrocarbons from currently producing wells and development wells to be drilled by SandRidge on approximately 53,000 net acres in the Mississippian formation in northern Oklahoma and Kansas. Net proceeds will be used for general corporate purposes. Morgan Stanley & Co. LLC and Raymond James & Associates Inc. are lead book-running managers.